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Oz CPI lifts AUD/USD briefly above 0.7800

Source: Thomson Reuters AUD/USD bulls encouraged, Oz CPI widens yield spreads, lifts pair Pair briefly above 0.7800, rises above 55-DMA & deeper into daily cloud Bulls need to clear 0.7850 & March high, RSIs biased up wi…

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Oz CPI lifts AUD/USD briefly above 0.7800
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Source: Thomson Reuters


  • AUD/USD bulls encouraged, Oz CPI widens yield spreads, lifts pair 

  • Pair briefly above 0.7800, rises above 55-DMA & deeper into daily cloud

  • Bulls need to clear 0.7850 & March high, RSIs biased up with room to run, won't impede gains

  • Monthly close above latter a bullish engulfing candle, bigger retracement then possible 

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